What should the current value of the stock

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Suppose a company's expected dividends are $1.78, $2.16, and $3.47 for the next three years and are expected to grow at a constant rate of 4.83% per year thereafter.

What should the current value of the stock if the required rate of return is 6.18%?

Round your answer to 2 decimal places. (For example 6.798 = 6.80)

Reference no: EM132616055

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